Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 19.58% is 475% above its 5-year average of 3.40%, near the high end of its 5-year range (-73.61%–19.58%).
As of the fiscal period ended Tuesday, June 30, 2026. 66.09% above its 12-month average of 11.79%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation. Q2 FY2026 (2026-06-30): 19.58%.
RETURN ON INVESTED CAPITAL (ROIC)
19.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
11.79%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
5.57%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
3.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
13.36%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
N/A
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
N/A
CURRENT VS TTM AVG
+66.09%
CURRENT VS 3Y AVG
+251.39%
CURRENT VS 5Y AVG
+475.30%
CURRENT VS 10Y AVG
+46.59%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
3.25%
median of 465 covered companies
CURRENT VS SECTOR MEDIAN
+502.54%
vs the sector median at left
Paysign, Inc.
Market Cap
$801.69M
Return on Invested Capital (ROIC)
19.58%
TTM Avg
11.79%
3Y Avg
5.57%
5Y Avg
3.40%
Market Cap
$799.51M
Return on Invested Capital (ROIC)
3.25%
TTM Avg
4.50%
3Y Avg
4.11%
5Y Avg
3.66%
Market Cap
$811.90M
Return on Invested Capital (ROIC)
-18.22%
TTM Avg
-19.70%
3Y Avg
-15.19%
5Y Avg
-13.63%
Market Cap
$769.22M
Return on Invested Capital (ROIC)
N/A
TTM Avg
6.36%
3Y Avg
8.84%
5Y Avg
7.52%
Market Cap
$840.90M
Return on Invested Capital (ROIC)
-18.21%
TTM Avg
-34.90%
3Y Avg
-36.24%
5Y Avg
-74.14%
Market Cap
$767.73M
Return on Invested Capital (ROIC)
9.99%
TTM Avg
12.13%
3Y Avg
12.04%
5Y Avg
10.27%
Market Cap
$847.44M
Return on Invested Capital (ROIC)
1.42%
TTM Avg
3.01%
3Y Avg
4.83%
5Y Avg
5.88%
Market Cap
$761.58M
Return on Invested Capital (ROIC)
-15.62%
TTM Avg
-108.47%
3Y Avg
-105.75%
5Y Avg
-93.87%
Market Cap
$852.82M
Return on Invested Capital (ROIC)
-5.83%
TTM Avg
-4.88%
3Y Avg
-7.08%
5Y Avg
-4.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paysign, Inc. (PAYS) | $801.69M | 19.58% | 11.79% | 5.57% | 3.40% |
| Republic Airways Holdings Inc. (RJET)vs › | $799.51M | 3.25% | 4.50% | 4.11% | 3.66% |
| PureCycle Technologies, Inc. (PCT)vs › | $811.90M | -18.22% | -19.70% | -15.19% | -13.63% |
| LSI Industries Inc. (LYTS)vs › | $769.22M | N/A | 6.36% | 8.84% | 7.52% |
| Evolv Technologies Holdings, Inc. (EVLV)vs › | $840.90M | -18.21% | -34.90% | -36.24% | -74.14% |
| Barrett Business Services, Inc. (BBSI)vs › | $767.73M | 9.99% | 12.13% | 12.04% | 10.27% |
| Transcat, Inc. (TRNS)vs › | $847.44M | 1.42% | 3.01% | 4.83% | 5.88% |
| Satellogic Inc. (SATL)vs › | $761.58M | -15.62% | -108.47% | -105.75% | -93.87% |
| Kornit Digital Ltd. (KRNT)vs › | $852.82M | -5.83% | -4.88% | -7.08% | -4.71% |
| Bowman Consulting Group Ltd. (BWMN)vs › | $748.98M | 3.99% | 2.06% | 1.63% | 1.49% |
ROIC
19.6%
ROE
26.2%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 19.58% |
| 2026-03-31 | 13.04% |
| 2025-12-31 | 8.86% |
| 2025-09-30 | 8.97% |
| 2025-06-30 | 8.50% |
| 2025-03-31 | 6.72% |
| 2024-12-31 | 2.86% |
| 2024-09-30 | 3.82% |
| 2024-06-30 | 3.68% |
| 2024-03-31 | 1.12% |
| 2023-12-31 | -0.61% |
| 2023-09-30 | -2.02% |
| 2023-06-30 | -2.08% |
| 2023-03-31 | -0.36% |
| 2022-12-31 | 1.59% |
| 2022-09-30 | 0.62% |
| 2022-06-30 | -4.51% |
| 2022-03-31 | -8.51% |
| 2021-12-31 | -16.44% |
| 2021-09-30 | -21.69% |
| 2021-06-30 | -73.61% |
| 2021-03-31 | -69.73% |
| 2020-12-31 | -48.34% |
| 2020-09-30 | -29.95% |
| 2020-06-30 | 17.18% |
| 2020-03-31 | 31.29% |
| 2019-12-31 | 31.61% |
| 2019-09-30 | 31.60% |
| 2019-06-30 | 29.23% |
| 2019-03-31 | 26.82% |
| 2018-12-31 | 27.82% |
| 2018-09-30 | 31.92% |
| 2018-06-30 | 33.95% |
| 2018-03-31 | 34.27% |
| 2017-12-31 | 36.39% |
| 2017-09-30 | 40.88% |
| 2017-06-30 | 48.20% |
| 2017-03-31 | 54.16% |
| 2016-12-31 | 48.92% |
| 2016-09-30 | 40.80% |
| 2016-06-30 | 11.11% |
| 2016-03-31 | 23.90% |
| 2015-12-31 | -7.02% |
| 2015-06-30 | 78.50% |
| 2015-03-31 | 91.64% |
| 2014-12-31 | 72.31% |
| 2014-09-30 | 41.18% |
| 2014-06-30 | 25.45% |
| 2014-03-31 | 45.92% |
| 2013-12-31 | 80.92% |
